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iPhone 5 First Weekend Sales in China Top Two Million — Apple® today announced it has sold over two million of its new iPhone® 5 in China, just three days after its launch on December 14. iPhone 5 will be available in more than 100 countries by the end of December, making it the fastest iPhone rollout ever.

Calibrating launch performance for the iPhone in China — When the iPhone 5 launched Apple promised availability in 100 countries before the end of year. This was a very aggressive plan given the gradual release of previous products. Last year the iPhone 4S only arrived in China (along with 21 additional countries) on January 13th.

HTC Said to Halt Larger Windows Phone on Display Resolution — HTC Corp. (2498) scrapped plans to produce a large-screen smartphone using Microsoft Corp. (MSFT)'s operating system because the screen would have had lower resolution than competing models, according to a person familiar with the project.

Facebook to Launch Its Own Snapchat Competitor App — Facebook is currently testing its own built-in-house version of a “Snapchat-like” application, a messaging app that allows users to send impermanent photo messages to one another, according to sources familiar with the matter.

Introducing the Pi Store — We've been amazed by the variety of software that people have written for, or ported to, the Raspberry Pi. Today, together with our friends at IndieCity and Velocix, we're launching the Pi Store to make it easier for developers of all ages to share their games …

Disruptions: Instagram Testimony Doesn't Add Up — SAN FRANCISCO — On a late August morning, Kevin Systrom, chief executive of Instagram, took an oath before testifying at a hearing of the California Corporations Department, which sought to determine if Facebook's acquisition …

Cisco Said to Hire Barclays to Sell Linksys Division — Cisco Systems Inc. (CSCO), the largest maker of equipment for computer networks, has hired Barclays Plc (BARC) to find a buyer for Linksys, which makes routers for home wireless access, said people with knowledge of the situation.

Apple Drops Below $500 for First Time Since February — Apple Inc. (AAPL) shares dropped below $500 for the first time since February after Citigroup Inc. (C) reduced its rating for the stock on concern that demand for the iPhone 5 is slowing. — Apple fell to $499 at 6:55 a.m. New York …

Google, FTC Close to a Deal — Google Inc. is close to emerging largely unscathed from a two-year federal probe of its Web-search business, people familiar with the matter said, a result likely to disappoint rivals that were hoping the Internet giant would become mired in antitrust litigation.

New Apps Recall the Details of Your Online Past — THE holiday season of 2011 was a hive of activity for me. One week in early December, I managed to attend a party at the Bowery Ballroom, a movie premiere and a Justin Bieber-themed dinner event. A few days later, in a single afternoon …